GUIDE TO ASSEMBLING DATA FOR COW-CALF

Size: px
Start display at page:

Download "GUIDE TO ASSEMBLING DATA FOR COW-CALF"

Transcription

1 GUIDE TO ASSEMBLING DATA FOR COW-CALF SPA-38 STANDARDIZED PERFORMANCE ANALYSIS* Revised DATA NEEDED Assembling necessary data for the Cow-Calf Standardized Performance Analysis (SPA) is the most important step in the SPA analysis process. This article and worksheets will help prepare data for SPA prior to the consultant's visit or to group workshops to help complete the SPA analysis. It is also good for the first time software user to use the worksheets. This worksheet focuses on the SPA production data. It is good to use Figure 1 and/or Figure 2 to get your data organized by spring or fall calving season. Remember that the SPA analysis for the fiscal year the calves are weaned. For a spring calving herd, cows are exposed in the proceeding fiscal year (e.g spring calves are from your cows exposed in 2001). Production Data The following production data will be assembled in these pages. General ranch and herd descriptive data The cowherd management/production season Weaned calf production, value and cull or breeding cattle sales Land use B both owned and leased Feed use and inventory Breeding cattle inventories, beginning and ending for fiscal year, purchase and raised Number of breeding females exposed Specific Cattle Inventories The breeding cattle inventory to measure productivity is as follows: 1. End of the fiscal year or at the beginning of the year, as they are the same. 2. Beginning of the breeding season. 3. When cows are pregnancy tested, record bred and open. Definitions Select definitions accompany each set of forms so that the user has a clear definition of what data is required. If users have inventories in other formats they of course do not have to fill out the forms. Just insure all the necessary data is complete. * Written by James M. McGrann, Professor and Extension Economist, Department of Agricultural Economics, Texas A&M University Texas AgriLife Extension Service Edward Smiths, Director The Texas A&M University System College Station, Texas

2 Financial Data It is best to assemble the business financial data in the form that it exists, then have the experienced SPA user to assist in preparing of the data for the SPA analysis. Your accountant can be of great assistance in preparing necessary financial data. Listed below is the most important data needed for the fiscal year, normally the tax year. For Fiscal or Tax Year Calves are Weaned: IRS tax schedules especially Schedule F Depreciation schedule Loan payment schedules Financial statements that have been prepared for the fiscal year business analysis or the lender. Anything is helpful for a starting point. Statements would include: - Beginning and ending fiscal year balance sheet (ending is next years beginning) - Income statement - accrual adjustments will be made for the analysis Sources for SPA Financial Data: IRS tax schedules for fiscal or tax year of analysis - Schedule F - Profit or Loss from Farming - Form Depreciation and Amortization - Form Sales of Business Property Depreciation schedule for operation Loan payment schedules available from each lender Beginning and ending balance sheet showing all business assets and liabilities. The depreciation schedule has information for depreciable assets Cattle inventories, see next section on production data Good to Have: End of year inventories for cattle and feed. If there were major differences between beginning and ending inventories of fuel, vet supplies or other high cost item record these inventories for development of accrual adjusted income statements. Enterprise revenue and expenses if the business accounting system generates enterprise values. Otherwise, allocation decisions can be made by the manager when doing SPA from the total financial statement. Use what you have first and then learn if there can be improvements. Getting Started Now It is best to gather up all of your presently available financial and production information and do the SPA analysis. Nearly all producers can get a good approximation with existing data. Completing the analysis will help guide future record keeping to improve accuracy. Do not worry about cattle inventory valuation. If you are not experienced in the methodology just get the head numbers by category. SPA-38-2

3 Weaning and Cattle Sales Data For the Cow-Calf SPA Production Analysis The Standardized Performance Analysis (SPA) is production performance measures based on the following concept: 1. All breeding females (cows and replacement heifers) exposed are expected to breed, calve, and wean a calf. 2. Only cows or replacement heifers taken out of the exposed females inventory numbers used to calculate performance are: a. During breeding season Cows not intended to breed or calve as defined before breeding begins. Cows transferred out before breeding season ends. b. Between the end of breeding season and calving (branding) Pregnant females sold or transferred out. Cows with calves (pairs) sold or transferred out. 3. Cows that are transferred out after the end of the breeding season and are not pregnancy tested are assumed to be open and do not reduce the exposed cow numbers. 4. Cows that are transferred to the fall herd after being exposed in the spring herd are counted twice as exposed cows in the same production year, once in the spring breeding herd and once in the fall herd. To minimize time and for the most accurate data, it is very important to record the weaning numbers, weights, and net calf price at weaning. Form 1 can facilitate this data recording activity. If you have any question about dates, it is helpful to fill in the dates in Figure 1. Remember the weaning year should correspond to the fiscal year (accounting or normally the tax year) of the analysis. Cull sales should be all those sales actually taking place during the fiscal year. SPA-38-3

4 FORM 1 1. Fiscal Year of Analysis (year calves weaned in): 2. Farm or Ranch Location: State Beginning Date Region Ending Date 3. Business Description: County Zip Code Business Organization (sole proprietorship, partnership, or corporation): Accounting Method (cash or accrual): 4. Precipitation (Inches): Normal Annual Fiscal Year Precipitation 5. Type of Enterprise (commercial or seedstock, spring or fall calving): 6. Management/Production Seasons for Mature Females (see Figure 1 on page 5 and gestation table): Beginning Date Ending Date a) Breeding 1 b) Pregnancy Testing c) Calving d) Weaning 7. Breeding Season: Females Exposed: Replacement Heifers Exposed: 8. Pregnancy Testing: Total Number Tested: Bred: Open: 9. Size of Herd Number of Breeding Cows 2 (At the Beginning of the Fiscal Year): 10. Calving: Total Cows Calving: Calves Born (Dead or Alive) Live Calves Born or Marked 1 For consistency, use Mature Cow Beginning Breeding Date even though heifers' beginning breeding date may be different. 2 Breeding Cows are defined as mature females and heifers of breeding age that have the potential to calve and wean a calf during the fiscal year. This should correspond to the included on the beginning fiscal year balance sheet. SPA-38-4

5 Spring Beginning Date Ending Date Breeding Pregnancy Check Feeding Periods Weaning/Sale Beginning Inventory Calving Breeding Pregnancy Check Fiscal Year of SPA Financial Analysis Weaning/Sale Ending Inventory Calving Figure 1. SPA Production Cow-Calf Spring Calving Season and Calendar Fiscal Year Key Data Areas. SPA-38-5

6 Fall Beginning Date Ending Date Breeding Pregnancy Check Feeding Periods Weaning/Sale Calving Beginning Inventory Breeding Pregnancy Check Weaning/Sale Fiscal Year of SPA Financial Analysis Calving Ending Inventory Figure 2. SPA Production Cow-Calf Fall Calving Season and Calendar Fiscal Year Key Data Areas. SPA-38-6

7 GESTATION TABLE (285 day) Find date of service in upper line. Figure below indicates date due to calve. Jan Oct Nov Feb Nov Dec Mar Dec Jan Apr Jan Feb May Feb Mar Jun Mar Apr Jul Apr May Aug May Jun Sep Jun Jul Oct Jul Aug Nov Aug Sep Dec Sep Oct

8 PRODUCTION DEFINITIONS Weaned calf production and value - These values must be net payweight prices and weights for calves at weaning time. If the calves are not sold, then these values should be estimated. Weights are, of course, extremely important. Bull calf values for the calves saved to produce bulls for sale are the calves' estimated values if marketed at their commercial steer value. Female sales - There are two categories of cull sales to be recorded, those sold for slaughter and those sold as breeding cows. This is even if the expectation is to produce only one calf. Aged bull sales - There are two categories of cull bull sales to be recorded, those sold for slaughter and those aged bulls sold for breeding purposes, even if for only one breeding season. Figure 1 will help guide the matching of the proper breeding and weaning periods. Remember the SPA financial analysis is for the fiscal year the calves are weaned in. SPA-38-8

9 FORM 1 - CONTINUED Summary of Cattle Production and Sales for Fiscal Year Worksheet Total Total Net Weaned Calves Production and Values Head Payweight Value $ Lb. Bull Calves Weaned Sold Retained Subtotal Bull Calves Steer Calves Weaned Sold Retained Subtotal Steer Calves* Heifer Calves Weaned Sold Retained At Base Value Heifers Kept for Replacements Subtotal Heifer Calves* Total Weaned Calves Production and Value Of Sales, Retained or Kept for Replacement* Totals are calculated by the software. SPA-38-9

10 FORM 1 - CONTINUED Summary of Cattle Production and Sales for Fiscal Year Worksheet Total Total Net Cull or Breeding Cattle Sales Head Payweight Value $ Lb. Aged Female Sales Culls for Cows Slaughter Raised Culls for Cows Slaughter Purchased Culled Replacement Heifers Raised Culled Repl. Heifers Purchased For Breeding Open & Pregnant Raised Open & Pregnant Purchased With Calves (pairs) Raised With Calves (pairs) Purchased Subtotal Aged Females* Aged Bull Sales Culls for Slaughter Raised Culls for Slaughter Purchased Breeding Bulls Raised Breeding Bulls Purchased Subtotal Cull & Breeding Bulls* Total Cull or Breeding Cattle Sales* SPA-38-10

11 FEED FED DEFINITIONS Raised feed fed - This is the total pounds (as fed) of raised feed by forage type fed including roughages, complete feed or concentrate, and protein supplement. Include the market value of each raised feed fed by type. Market value of raised feed fed (valued at the beginning of the feeding season) - This is the market value of the raised feed fed valued at the beginning of the feeding season. This value is the opportunity cost associated with the raised feed activity (i.e. earnings foregone by not selling the raised feed that was fed). Matching use and costs -- Purchased/raised feed cost - Often times, the actual accrual adjusted raised and purchased feed costs do not match the weaned calf production cycle for most operations. If there are wide fluctuations in feed prices between years, these costs can be somewhat distorted. It is most accurate to calculate feed costs, the fiscal year weaned calf crop, as illustrated in Figure 1. The financial or fiscal year for most operations includes the end of one winter feeding period (before the calves are born) and the beginning of a second winter feeding period (after the weaned calves are sold or transferred into a new production activity). It is recommended that accurate accrual accounting values be used as the fiscal year cost for raised and purchased feed, see form. This should take into account the end of one wintering year and the beginning of another wintering year. Implementation of SPA also requires placing a market value on raised feed fed. This should be done at the beginning of the feeding season for the winter before the calves are weaned. Therefore, the total market value for raised feed fed is the total value based on the market value of the feed at the beginning of the feeding season prior to weaning. 1/1/05 12/31/05 Feeding Period Feeding Period Feed Inventory (1/1/05) Fiscal Year Feed Inventory (12/31/05) Breeding Weaning/ Sale Birth Breeding Weaning/ Sale Birth Figure 1. Matching Feeding Costs for Spring Calving Season and Fiscal Year Accounting In cases of wide variation in feeding cost, it is advisable to use actual costs for the raised feed fed during the winter feeding periods. However, proper adjustments must be made to prevent double accounting during the fiscal year. Matching of expenses with revenue is challenging in the case of raised feed. Again, consistency 9/29/99 SPA-38-11

12 between years will lead to the greatest accuracy. The better the feed use records the more accurately costs can be calculated. Purchased feed fed - This is the total pounds (as fed) of purchased feed by forage type fed including roughages, complete feed or concentrate, mineral and salt, and protein supplement. Total pounds of raised/purchased feed fed to breeding cows - This is the total in pounds of all raised or purchased feed fed during the fiscal year. Include feed fed to all classes of animals within the cow-calf enterprise (i.e. breeding cows, bulls, replacement heifers, calves). Feed fed to sale bulls and replacement heifers for sale should not be included, because sale bulls and replacement heifers for sale are enterprises that should be analyzed separately. This number is the numerator for the calculation of pounds of raised/purchased feed fed per breeding cow. The beginning fiscal year inventory of breeding cows will be the denominator. 9/29/99 SPA-38-12

13 FORM 2: FEED USE Feed Use Summary Supplemental feed fed is important both from a cost and nutrition management standpoint. The feed use form can be used to summarize the total feed used for the cow herd, including replacements and bulls. FEED USE SUMMARY Raised Feed: As Fed (Lbs.) Market Value Roughage Complete Feed or Concentrate Protein Supplement Total Raised Feed Purchased Feed: Roughage Complete Feed or Concentrate Mineral and Salt Protein Supplement Total Raised and Purchased Feed See attached form to assist in the inventory to assemble this data. 9/29/99 SPA-38-13

14 LAND DEFINITIONS Grazing acres -- cow-calf enterprise definitions of forage terms - The Forage and Grazing Terminology Committee American Forage and Grassland Council, Native unimproved (rangeland and meadows) - Land on which the indigenous vegetation is predominantly grass, grass-like plants, forbs or shrubs and is managed as a natural ecosystem. Native improved - Land devoted to the production of introduced forages for harvest primarily by grazing; managed as a natural ecosystem. Improved perennial - Land devoted to the production of introduced perennial forage for harvest primarily by grazing. Improved perennial pasture land must be managed to arrest successional processes. Annual pasture or forage crop - A crop of cultivated annual plants or plant parts produced to be grazed or harvested for use as feed for animals. Woodlands (grazeable forestland) - Forest lands that produce, at least periodically, sufficient understory vegetation that can be grazed. Forage is indigenous or, if introduced, it is managed as though it were indigenous. Crop aftermath - Forage remaining on the land as a consequence of harvest of a crop. At times, crop residues are used for grazing (i.e. rice stubble or wheat stubble). To calculate the acreage, multiply the number of acres times the time spent grazing. For example, 100 acres of crop aftermath grazed for 2 months would yield 16.7 acres (10 x 2/12 = 16.7). Lease equivalent - Lease equivalent is the annual rate that could be received if the owned grazing land were leased (i.e. opportunity cost or earnings foregone by using the land instead of leasing it). When the economic cost of grazing is calculated, the net lease (discussed below) is added to the financial grazing costs to determine total economic grazing cost. Lessor cost - Lessor costs are expenses that would be incurred by the landowner (lessor), in the event that the land is leased, to maintain the land in suitable grazing condition. The amount and types of costs included here are dependent on the type of lease agreement that would be signed. Examples of lessor costs include the owner's share of fertilizer expense, weed control expense, and mowing expense. Land tax would also be an expense that most landowners would pay in the event that they leased their land. These expenses should reflect the actual expenses incurred as shown in the financial analysis. When net lease is calculated, this value is subtracted from the lease equivalence. 9/29/99 SPA-38-14

15 Opportunity cost owned grazing land (net lease equivalent) - The net lease equivalent is the difference between the expected lease rate of owned grazing land (lease equivalent) and the costs that would be incurred by the landowner (lessor) in the event that the land is leased. The net lease equivalent figure is added to the financial grazing costs to determine total economic grazing cost. Raised feed acres - Raised feed land acres, i.e. land for hay production, must be adjusted for the amount of production or raised feed actually used by the cow-calf enterprise. Consider for example, a situation where the raised feed land (hay pasture) totaled 85 acres and produced 25,000 pounds of hay. Of the total hay production 12,500 pounds of the hay is fed, 10,000 pounds sold and the balance, 2500 pounds, is in inventory. Therefore, 50% of the production [(12500/25000) x 100] was actually fed to the cow-calf enterprise and the acreage should be adjusted. Total raised feed acres times percentage of production fed (i.e. 85 x (12500/25000) = 42.5 ac.) equals adjusted raised feed land acreage. Silage fed should be converted to a dry air basis (i.e # of silage, 60% moisture content, 40% DM or 2400 lbs. DM converts to 2759 lbs. of 13% moisture content, 2400/.87). Leased land - The same descriptions and calculations are utilized for leased land as that used with owned land with the exception that the actual lease expense is not recorded as they are in the financial data. Land for Grazing and Raised Feed Land used for the cow-calf enterprise should be summarized in the following forms. Remember to divide land into owned land, grazing and raised feed, and leased land, grazing and raised feed. Read the definitions carefully before filling out the forms. 9/29/99 SPA-38-15

16 FORM 3: LAND USE OWNED LAND: 1. Grazing Acres--Cow-Calf Enterprise: Type of Pasture or Crop a) Native Unimproved (Rangeland) b) Native Improved c) Improved Perennial d) Annual Pasture or Forage Crop e) Woodland (Grazeable Forestland) f) Crop Aftermath Total Acres Cow-Calf Enterprise % Lease Equiv. $/Ac. 5 Lessor Costs $/Ac. 6 g) Totals 7 (a+b+c+d+e+f) Opportunity Cost Owned Grazing Land (net lease equivalent) 8 OWNED LAND: 2. Raised Feed Acres: 9 Type of Pasture or Crop a) Native Unimproved b) Native Improved c) Improved Perennial d) Annual Pasture or Forage Crop e) Crop Aftermath f) Totals 7 (a+b+c+d+e) Total Acres Cow-Calf Enterprise % Lease Equiv. $/Ac. 5 Lessor Costs $/Ac. 6 Opportunity Cost Owned Grazing Land (net lease equivalent) 8 5 Lease equivalent is the annual rate that could be received if the owned grazing land were leased. 6 Lessor costs are expenses that would be incurred by the landowner (in the event that the land is leased), including property tax they normally pay and shared costs to maintain the land is suitable grazing condition. The amount and types of costs included here are dependent on the type of lease agreement that would be signed. 7 Total for lease equivalent and lessor cost (11g) is the sum of the $/Acre figure times the acres used by the enterprise. 8 Opportunity cost owned grazing land (net lease equivalent) is the total lease equivalence minus the lessor cost. 9 Opportunity cost for owned raised feed land is accounted for in the market valuation of raised feed (item 15). 9/29/99 SPA-38-16

17 LEASED LAND: 3. Grazing Acres--Cow-Calf Enterprise: Type of Pasture or Crop a) Native Unimproved (Rangeland) b) Native Improved c) Improved Perennial d) Annual Pasture or Forage Crop e) Woodland (Grazeable Forestland) f) Crop Aftermath Total Acres Cow-Calf Enterprise % g) Totals (a+b+c+d+e+f) LEASED LAND: 4. Raised Feed Acres: Type of Feed Raised a) Native Unimproved b) Native Improved c) Improved Perennial d) Annual Pasture or Forage Crop e) Crop Aftermath Total Acres Cow-Calf Enterprise % f) Totals (a+b+c+d+e) 9/29/99 SPA-38-17

18 Inventories Cattle and Feed Cattle Inventories Cattle inventories must be recorded for both the beginning and ending of the fiscal year to complete the business balance sheets. Inventories must be divided into raised and purchased cattle for valuation purpose. The purchased breeding stocks are on the business depreciation schedule. In fact, this is an area that many ranches can benefit by updating. Cattle should be divided into the following categories cows, herd bulls, and replacement heifers (before entering the exposed cow herd). Cattle held for sale should be separated from breeding stock, as they represent a current asset. This could include cull cows, bulls, or replacement heifers and breeding animals being held for sale. First time users of SPA may need assistance on the valuation issues. Stored Feed Inventory To properly adjust costs, the change in feed inventory from the beginning and ending of the year need to be known. Feed inventory is also a business asset. Forms 8 and 9 can be used to summarize feed inventories. Ideally, knowing both the cost and market value of feed is very useful. Most often the only available information is the market value. The SPA software will facilitate calculation of the feed cost. Inventory Definitions Raised breeding livestock - These are livestock produced by the business entity and not purchased. Base value - A stipulated value that approximates the cost of raising the breeding animal. The base value is used to determine the cost basis value of the animal, and it is used to determine the amount of revenue to recognize from raising the breeding animal. Market value - The net value, of all marketing costs, that would be expected if the livestock were sold on the date of the balance sheet. Purchased breeding stock Cost basis or book value - Purchase cost of the animal minus the accumulated depreciation. Annual depreciation - The accounting procedure that allocates the purchase cost of breeding stock over its life. Accumulated depreciation - The amount of depreciation taken on the breeding stock up to the date of the balance sheet. Stored feed inventory - This is the amount and value of purchased and raised feed in inventory on the date of the balance sheet. 9/29/99 SPA-38-18

19 Farm or Ranch Name Date of Schedule Operating Year Beginning Form 2 Raised Breeding Livestock Inventory Description Number of Head Base Value Market Value ($/head) Total ($/head) Total Total

20 Farm or Ranch Name Date of Schedule Operating Year Ending Form 3 Raised Breeding Livestock Inventory Description Number of Head Base Value Market Value ($/head) Total ($/head) Total Total

21 Farm or Ranch Name Date of Schedule Operating Year Beginning Form 4 Purchased Breeding Livestock Inventory Description Number of Head Cost Basis Market Value Annual Accumulated Book ($/head) Total Depreciation Depreciation Value ($/head) Total Total

22 Farm or Ranch Name Date of Schedule Operating Year Ending Form 5 Purchased Breeding Livestock Inventory Description Number of Head Cost Basis Market Value Annual Accumulated Book ($/head) Total Depreciation Depreciation Value ($/head) Total Total

23 Farm or Ranch Name Date of Schedule Operating Year Beginning Form 6 Stored Feed Inventory $ / unit Value Description Unit Type # of units Cost Market Cost Market Total

24 Farm or Ranch Name Date of Schedule Operating Year Ending Form 7 Stored Feed Inventory $ / unit Value Description Unit Type # of units Cost Market Cost Market Total

Managing For Today s Cattle Market And Beyond: A Comparative Analysis Of ND - Demo Cow Herd To North Dakota Database

Managing For Today s Cattle Market And Beyond: A Comparative Analysis Of ND - Demo Cow Herd To North Dakota Database Managing For Today s Cattle Market And Beyond: A Comparative Analysis Of ND - Demo - 160 Cow Herd To North Dakota Database By Harlan Hughes Extension Livestock Economist Dept of Agricultural Economics

More information

Managing For Today s Cattle Market And Beyond A Comparative Analysis Of Demo Herd 1997 Herd To McKenzie County Database

Managing For Today s Cattle Market And Beyond A Comparative Analysis Of Demo Herd 1997 Herd To McKenzie County Database Managing For Today s Cattle Market And Beyond A Comparative Analysis Of Demo Herd 1997 Herd To McKenzie County Database By Harlan Hughes Extension Livestock Economist Dept of Agricultural Economics North

More information

Central Texas Cow/Calf Clinic

Central Texas Cow/Calf Clinic Central Texas Cow/Calf Clinic Market Update/Beef Cattle Economics August 18, 2011 Bill Thompson AgriLife Extension Economist San Angelo, TX http://sanangelo.tamu.edu/programs/ag_economics/index.php 1 Mil.

More information

Grazing Management Different Strategies. Dr Jim Russell and Joe Sellers Iowa State University

Grazing Management Different Strategies. Dr Jim Russell and Joe Sellers Iowa State University Grazing Management Different Strategies Dr Jim Russell and Joe Sellers Iowa State University Cattle are important Keeping land in grasses reduces erosion and improves water quality Productive, well managed

More information

Background and Assumptions

Background and Assumptions 2016 Costs and Returns Estimate. Cow-Calf Budget: 250-head Northern Idaho Summer on Private Range, Winter Feeding Necessary Ben Eborn, Jim Church and Neil Rimbey Background and Assumptions University of

More information

Background and Assumptions

Background and Assumptions 2016 Costs and Returns Estimate. Cow-Calf Budget: 250-head, Eastern Idaho Eastern Idaho Summer on Federal, State & Private Range Winter Feeding Necessary Ben Eborn, Danielle Gunn and Steven Harrison Background

More information

Determining Your Unit Costs of Producing A Hundred Weight of Calf

Determining Your Unit Costs of Producing A Hundred Weight of Calf Managing for Today s Cattle Market and Beyond Determining Your Unit Costs of Producing A Hundred Weight of Calf By Harlan Hughes North Dakota State University Unit Costs of Production Astute beef cow producers

More information

Grass-fed and Organic Beef: Production Costs and Breakeven Market Prices, 2008 and 2009

Grass-fed and Organic Beef: Production Costs and Breakeven Market Prices, 2008 and 2009 AS 658 ASL R2684 2012 Grass-fed and Organic Beef: Production Costs and Breakeven Market Prices, 2008 and 2009 Denise Schwab Iowa State University Margaret Smith Iowa State University H. Joe Sellers Iowa

More information

BEEF COW/CALF ENTERPRISE BUDGET 2016 Estimated Costs and Returns - San Luis Valley

BEEF COW/CALF ENTERPRISE BUDGET 2016 Estimated Costs and Returns - San Luis Valley Estimated s and Returns - San Luis Valley PRODUCTION ASSUMPTIONS Exposed Females (Cows & Heifers) 300 Total Calves Weaned (head) 258 Cows Per Bull 25 Steers (head) 129 Cow Death Loss 3% Total Heifers (head)

More information

Ranch Calculator (RanchCalc)

Ranch Calculator (RanchCalc) Oklahoma Cooperative Extension Service Current Report CR-3252 0609 Oklahoma Cooperative Extension Fact Sheets are also available on our website at: facts.okstate.edu Ranch Calculator (RanchCalc) Damona

More information

Cow-Calf Ranch Input Worksheet- Unit Cost of Production Workshop Users Guide

Cow-Calf Ranch Input Worksheet- Unit Cost of Production Workshop Users Guide Cow-Calf Ranch Input Worksheet- Unit Cost of Production Workshop Users Guide Introduction and Background To guide ranchers in assessing their business profitability, the BC Ministry of Agriculture is hosting

More information

Economic, Productive & Financial Performance Of Alberta Cow/Calf Operations

Economic, Productive & Financial Performance Of Alberta Cow/Calf Operations Benchmarks for Cattlemen Economics & Competitiveness Economic, Productive & Financial Performance Of Cow/Calf Operations Southern Fescue land, Mixed land & Moist Mixed land Production Year - 2002 Jan.

More information

Defining Value and Requirements in Cow Rations: What is a Calorie Worth?

Defining Value and Requirements in Cow Rations: What is a Calorie Worth? Defining Value and Requirements in Cow Rations: What is a Calorie Worth? Jason E. Sawyer and Tryon A. Wickersham Department of Animal Science Texas A&M University Texas A&M AgriLife Research College Station,

More information

PRODUCTION PLAN. Crop Production

PRODUCTION PLAN. Crop Production PRODUCTION PLAN The production plan conveys the type and quantity of commodities to be produced. The production plan pairs information from the resource inventory and financial records to serve as a realistic

More information

Economic, Productive & Financial Performance Of Alberta Cow/Calf Operations

Economic, Productive & Financial Performance Of Alberta Cow/Calf Operations Benchmarks for Cattlemen Economics & Competitiveness Economic, Productive & Financial Performance Of Cow/Calf Operations Comparing:, Profitability & Production Management Groupings Production Year - 1998

More information

Intro to Livestock Marketing Annie s Project. Tim Petry Livestock Economist 2018

Intro to Livestock Marketing Annie s Project. Tim Petry Livestock Economist  2018 Intro to Livestock Marketing Annie s Project Tim Petry Livestock Economist www.ndsu.edu/livestockeconomics 2018 ANNIES Feb2018 Always excuses NOT to market! Marketing takes time and planning Look for excuses

More information

EC Estimating the Most Profitable Use of Center-Pivot Irrigation for a Ranch

EC Estimating the Most Profitable Use of Center-Pivot Irrigation for a Ranch University of Nebraska - Lincoln DigitalCommons@University of Nebraska - Lincoln Historical Materials from University of Nebraska- Lincoln Extension Extension 1974 EC74-861 Estimating the Most Profitable

More information

2007 PLANNING BUDGETS FOR DAIRY PRODUCTION IN MISSISSIPPI COSTS AND RETURNS. 112 and 250 COW DAIRY ENTERPRISES LARGE BREED CATTLE MISSISSIPPI, 2007

2007 PLANNING BUDGETS FOR DAIRY PRODUCTION IN MISSISSIPPI COSTS AND RETURNS. 112 and 250 COW DAIRY ENTERPRISES LARGE BREED CATTLE MISSISSIPPI, 2007 2007 PLANNING BUDGETS FOR DAIRY PRODUCTION IN MISSISSIPPI COSTS AND RETURNS 112 and 250 COW DAIRY ENTERPRISES LARGE BREED CATTLE MISSISSIPPI, 2007 MISSISSIPPI STATE UNIVERSITY EXTENSION SERVICE MISSISSIPPI

More information

Forage and Livestock Management Considerations

Forage and Livestock Management Considerations Know how. Know now. Forage and Livestock Management Considerations Jerry D. Volesky Range / Forage Specialist West Central Res. & Ext. Center 402 West State Farm Rd North Platte, NE 69101 (308) 696-6710

More information

Economics Associated with Beef Cattle Ranching. Larry Forero UC Cooperative Extension April 21, 2016

Economics Associated with Beef Cattle Ranching. Larry Forero UC Cooperative Extension April 21, 2016 Economics Associated with Beef Cattle Ranching Larry Forero UC Cooperative Extension April 21, 2016 There are Five Facets to the Beef Cattle Industry: Cow-Calf/Seedstock Yearling/Stocker Feedlot Packer

More information

Fall Calving in North Dakota By Brian Kreft

Fall Calving in North Dakota By Brian Kreft Fall Calving in North Dakota By Brian Kreft A fall calving herd was established at CGRC in the fall of 1992 to gather a data base to determine the economics of fall calving in North Dakota. North Dakota

More information

Introduction BEEF 140

Introduction BEEF 140 Beef Cattle Introduction Markets and price drivers Recent years have seen greater volatility in the market. Reasons range from the effective closure of the EU beef intervention scheme, the horsemeat scare,

More information

PROJECTING CASH FLOWS ON DAIRY FARMS

PROJECTING CASH FLOWS ON DAIRY FARMS January 2002 E.B. 2002-04 PROJECTING CASH FLOWS ON DAIRY FARMS By Eddy L. LaDue Agricultural Finance and Management at Cornell Cornell Program on Agricultural and Small Business Finance Department of Applied

More information

Balancing Forage Demand with Forage Supply

Balancing Forage Demand with Forage Supply B-1606 Balancing Forage Demand with Forage Supply Larry D. White and Tom R. Troxel* One of the first priorities for proper management of range resources is balancing animal numbers with forage supply.

More information

Prescribed Grazing Plan

Prescribed Grazing Plan FWC 17/18-77 EXHIBIT III Prescribed Grazing Plan Prepared for Babcock - Cecil Webb WMA Charlotte County, Florida In cooperation with Charlotte Soil & Water Conservation District And United States Department

More information

Forage and Livestock Management Considerations

Forage and Livestock Management Considerations Know how. Know now. Forage and Livestock Management Considerations Jerry D. Volesky Range / Forage Specialist West Central Res. & Ext. Center 402 West State Farm Rd North Platte, NE 69101 (308) 696-6710

More information

TEXAS A8cM UNIVERSITY TEXAS AGRICULTURAL EXTENSION SERVICE

TEXAS A8cM UNIVERSITY TEXAS AGRICULTURAL EXTENSION SERVICE TEXAS A8cM UNIVERSITY TEXAS AGRICULTURAL EXTENSION SERVICE J. E. HUTCHISON, DIRECTOR, COLLEGE STATION, TEXAS SEASONAL CHANGES IN CATTLE PRICES Edward Uvacek, Jr. and Ernest E. Davis* Beef has been blessed

More information

Managing noxious brush and weed

Managing noxious brush and weed E-629 1/13 Controlling Brush with Herbicides to Increase Ranch Profits Megan Clayton, Mac Young, Robert Lyons and Steven Klose* Managing noxious brush and weed species using herbicides can improve forage

More information

FORAGE SYSTEMS TO REDUCE THE WINTER FEEDING PERIOD. Gerald W. Evers

FORAGE SYSTEMS TO REDUCE THE WINTER FEEDING PERIOD. Gerald W. Evers Proceedings: Adjusting to High Fuel and Fertilizer Prices Research Center Technical Report No. 2008-01 FORAGE SYSTEMS TO REDUCE THE WINTER FEEDING PERIOD Gerald W. Evers Livestock require some form of

More information

Livestock Enterprise. Budgets for Iowa 2017 File B1-21. Ag Decision Maker

Livestock Enterprise. Budgets for Iowa 2017 File B1-21. Ag Decision Maker Livestock Enterprise Ag Decision Maker Budgets for Iowa 2017 File B1-21 This publication contains estimates of production costs for common livestock enterprises in Iowa. Estimates are intended to reflect

More information

U.S. DEPARTMENT OF AGRICULTURE ECONOMIC RESEARCH SERVICE August 1972 FCR-83 cooperating with New Mexico State University COSTS NOV

U.S. DEPARTMENT OF AGRICULTURE ECONOMIC RESEARCH SERVICE August 1972 FCR-83 cooperating with New Mexico State University COSTS NOV U.S. DEPARTMENT OF AGRICULTURE ECONOMIC RESEARCH SERVICE August 1972 FCR-83 cooperating with New Mexico State University COSTS NOV 2 1872 and RETURNS FARM COSTS AND RETURNS STUDIES This report is part

More information

October 20, 1998 Ames, Iowa Econ. Info U.S., WORLD CROP ESTIMATES TIGHTEN SOYBEAN SUPPLY- DEMAND:

October 20, 1998 Ames, Iowa Econ. Info U.S., WORLD CROP ESTIMATES TIGHTEN SOYBEAN SUPPLY- DEMAND: October 20, 1998 Ames, Iowa Econ. Info. 1752 U.S., WORLD CROP ESTIMATES TIGHTEN SOYBEAN SUPPLY- DEMAND: USDA's domestic and world crop estimates show a less burdensome world supply-demand balance for soybeans

More information

Grazing Economics 101 Keys to Being a Profitable Forage Producer MODNR-SWCP Mark Kennedy and John Turner

Grazing Economics 101 Keys to Being a Profitable Forage Producer MODNR-SWCP Mark Kennedy and John Turner Grazing Economics 101 Keys to Being a Profitable Forage Producer MODNR-SWCP Mark Kennedy and John Turner Mostly stolen from Wesley Tucker University of Missouri Extension Specialist and Cow-Calf Producer

More information

BLUESTEM PASTURE RELEASE 2017

BLUESTEM PASTURE RELEASE 2017 1320 Research Park Dr. Manhattan, KS 66506 Phone (785) 564-6700 BLUESTEM PASTURE RELEASE 2017 Agricultural Land Use Survey Center 304 Waters Hall Manhattan, KS 66506-4026 Phone (785) 532-1517 Released:

More information

User Manual - Custom Finish Cattle Profit Projection

User Manual - Custom Finish Cattle Profit Projection User Manual - Custom Finish Cattle Profit Projection The purpose of this decision aid is to help facilitate the organization of custom finish cattle, feeder cattle price, costs and production data to project

More information

Reproductive Management of Commercial Beef Cows. Ted G. Dyer, Extension Animal Scientist

Reproductive Management of Commercial Beef Cows. Ted G. Dyer, Extension Animal Scientist Reproductive Management of Commercial Beef Cows Ted G. Dyer, Extension Animal Scientist Reproductive efficiency has long been recognized as the most important aspect of commercial beef production. If only

More information

An Economic Comparison of Organic and Conventional Dairy Production, and Estimations on the Cost of Transitioning to Organic Production

An Economic Comparison of Organic and Conventional Dairy Production, and Estimations on the Cost of Transitioning to Organic Production An Economic Comparison of Organic and Conventional Dairy Production, and Estimations on the Cost of Transitioning to Organic Production Produced by: the Northeast Organic Farming Association of Vermont

More information

Cattle Outlook. January, 2018

Cattle Outlook. January, 2018 Cattle Outlook January, 2018 Cattle Outlook January 2018 In This Issue: Supply Fundamentals Demand Fundamentals Summary 2 Historical Price Reference Where are Cattle Prices Currently, And Where are they

More information

Beef Cattle Handbook

Beef Cattle Handbook Beef Cattle Handbook BCH-5403 Product of Extension Beef Cattle Resource Committee Feeding The Beef Cow Herd Part II Managing the Feeding Program Rick Rasby, Extension Beef Specialist, University of Nebraska

More information

Slope Farms. Our farm. Our work with other farmers. Experience with leasing land. Models for seasonal grazing

Slope Farms. Our farm. Our work with other farmers. Experience with leasing land. Models for seasonal grazing Slope Farms Our farm Our work with other farmers Experience with leasing land Models for seasonal grazing Slope Farms LLC what we do Grass fed beef producer: 200 head cattle Branding, aggregation, quality

More information

Evaluating Preconditioning Profitability - Projection and Closeout Manual

Evaluating Preconditioning Profitability - Projection and Closeout Manual Evaluating Preconditioning Profitability - Projection and Closeout Manual This user manual describes the methodology for a cow-calf producer to evaluate the profitability of preconditioning calves to forward

More information

Agricultural Land Valuation

Agricultural Land Valuation Agricultural Land Valuation Dwight Aakre Farm Management Specialist NDSU Extension Service 5/06/10 Valuation and Assessment of Agricultural Land Agricultural value is defined as the capitalized average

More information

2007 Michigan Dairy Farm Business Analysis Summary. Eric Wittenberg And Christopher Wolf. Staff Paper December, 2008

2007 Michigan Dairy Farm Business Analysis Summary. Eric Wittenberg And Christopher Wolf. Staff Paper December, 2008 2007 Michigan Dairy Farm Business Analysis Summary Eric Wittenberg And Christopher Wolf Staff Paper 2008-04 December, 2008 Department of Agricultural, Food, and Resource Economics MICHIGAN STATE UNIVERSITY

More information

Grassfed Beef Production Profit Projection and Closeout

Grassfed Beef Production Profit Projection and Closeout Grassfed Beef Production Profit Projection and Closeout You can t predict but you can prepare. The purpose grassfed beef retained ownership beyond the cow-calf phase or purchased stockers spreadsheets

More information

Raising the Bar on Calf & Heifer Feeding & Management. Jim Barmore, M.Sc., PAS Nutrition & Management Consulting Verona, WI

Raising the Bar on Calf & Heifer Feeding & Management. Jim Barmore, M.Sc., PAS Nutrition & Management Consulting Verona, WI Raising the Bar on Calf & Heifer Feeding & Management Jim Barmore, M.Sc., PAS Nutrition & Management Consulting Verona, WI jimbarmore@gpsdairy.com Why the Focus on Calves & Heifers Early calf development

More information

Dr. Curt Lacy Extension Economist-Livestock University of Georgia ECONOMICS OF IMPROVED GRAZING SYSTEMS

Dr. Curt Lacy Extension Economist-Livestock University of Georgia ECONOMICS OF IMPROVED GRAZING SYSTEMS Dr. Curt Lacy Extension Economist-Livestock University of Georgia ECONOMICS OF IMPROVED GRAZING SYSTEMS Will Improved Grazing Management Pay?? It depends!! Additional revenue Reduced cost Additional expense

More information

A Study into Dairy Profitability MSC Business Services during

A Study into Dairy Profitability MSC Business Services during A Study into Dairy Profitability MSC Business Services during 2006-2009 July 2010 Authors: Michael Evanish, Manager Wayne Brubaker, Consultant Lee Wenger, Consultant Page 1 of 43 Page 2 of 43 Index Part

More information

Selecting a Beef System by Pearse Kelly

Selecting a Beef System by Pearse Kelly Section 3 23 16 Selecting a Beef System by Pearse Kelly Introduction If the aim is to maximise profits per hectare, it is important to have as few systems as possible, know the targets achievable for them,

More information

AGRICULTURAL ALTERNATIVES

AGRICULTURAL ALTERNATIVES AGRICULTURAL ALTERNATIVES http://agalternatives.aers.psu.edu Beef Backgrounding Production The term backgrounding may be relatively new to some. However, this management system is well known to both cow-calf

More information

Telephone: (706) Animal and Dairy Science Department Rhodes Center for Animal and Dairy Science

Telephone: (706) Animal and Dairy Science Department Rhodes Center for Animal and Dairy Science AS1 - Newsletter Telephone: (706) 542-2581 Animal and Dairy Science Department Fax: (706) 542-9316 Rhodes Center for Animal and Dairy Science Livestock Newsletter January/February 2003 http://www.ces.uga.edu/agriculture/asdsvm/beef-home.html

More information

COW/CALF DAYS 2015 NICOLE KENNEY-RAMBO

COW/CALF DAYS 2015 NICOLE KENNEY-RAMBO Record Keeping COW/CALF DAYS 2015 NICOLE KENNEY-RAMBO NMKENNEY@UMN.EDU 1 RECORD KEEPING 101 Production Operational Financial Analysis 2 PRODUCTION/PERFORMANCE Whole Herd vs. Individual Animal Reproductive

More information

Stockpiling Forages. Stockpiling Perennial Grasses. Stockpiling. Risky business? 8/22/2010. Rocky Lemus August 25, 2010 MSPFSC

Stockpiling Forages. Stockpiling Perennial Grasses. Stockpiling. Risky business? 8/22/2010. Rocky Lemus August 25, 2010 MSPFSC Stockpiling Forages Stockpiling Perennial Grasses Rocky Lemus August 25, 2010 MSPFSC Most livestock producers are aware that pasture harvested by the cow is cheaper than forage which is harvested, stored

More information

2017 Tennessee Agricultural Outlook. Aaron Smith Crop Economist University of Tennessee Extension

2017 Tennessee Agricultural Outlook. Aaron Smith Crop Economist University of Tennessee Extension 2017 Tennessee Agricultural Outlook Aaron Smith Crop Economist University of Tennessee Extension Overview Review of the Tennessee Agricultural Economy Crops Livestock 2017 Estimated Net Returns Principle

More information

The Modern Range Cow has Greater Nutrient Demand than the Old Style Range Cow

The Modern Range Cow has Greater Nutrient Demand than the Old Style Range Cow The Modern Range Cow has Greater Nutrient Demand than the Old Style Range Cow Llewellyn L. Manske PhD Research Professor of Range Science North Dakota State University Dickinson Research Extension Center

More information

Opportunities exist to increase revenue from cull cows through changes in marketing strategies. This figure shows that cull cow prices tend to bottom

Opportunities exist to increase revenue from cull cows through changes in marketing strategies. This figure shows that cull cow prices tend to bottom 1 Two approaches to increase value Consider your cows as productive assets. At the end of their useful life in your operation, how can you maximize their salvage value? Revenue from culls is a significant

More information

The Impacts of Increasing Fuel Costs on Nevada s Agricultural Enterprises

The Impacts of Increasing Fuel Costs on Nevada s Agricultural Enterprises Fact Sheet-08-37 The Impacts of Increasing Fuel Costs on Nevada s Agricultural Enterprises Kynda R. Curtis, Agriculture Marketing Specialist, University of Nevada Cooperative Extension; and Assistant Professor,

More information

Selection and Development of Heifers

Selection and Development of Heifers Selection and Development of Heifers Bob Sand Animal Science Department University of Florida, Gainesville Introduction One of the most expensive phases of the production cycle is the development of replacement

More information

FEED EFFICIENCY IN THE RANGE BEEF COW: WHAT SHOULD WE BE LOOKING AT?

FEED EFFICIENCY IN THE RANGE BEEF COW: WHAT SHOULD WE BE LOOKING AT? Proceedings, The Range Beef Cow Symposium XXIV November 17, 18, and 19, 2015, Loveland, Colorado FEED EFFICIENCY IN THE RANGE BEEF COW: WHAT SHOULD WE BE LOOKING AT? H. H. Trey Patterson Padlock Ranch

More information

Illinois 4-H Livestock Record

Illinois 4-H Livestock Record Illinois 4-H Livestock Record Name: Club: Species: (Circle below - Use a form for each different species) Yrs. in Project: Project Yr: 20 BEEF DAIRY DAIRY GOATS MEAT GOATS HORSES POULTRY RABBITS SHEEP

More information

A GRAZING AND HAYING SYSTEM WITH WINTER ANNUAL GRASSES. Steve Orloff and Dan Drake 1 ABSTRACT

A GRAZING AND HAYING SYSTEM WITH WINTER ANNUAL GRASSES. Steve Orloff and Dan Drake 1 ABSTRACT A GRAZING AND HAYING SYSTEM WITH WINTER ANNUAL GRASSES Steve Orloff and Dan Drake 1 ABSTRACT Forage to graze is not available for much of the year in the Intermountain Region and producers are forced to

More information

A COMPARISON OF BEEF CATTLE BREEDING METHODS TO IMPROVE PERFORMANCE. D.G. Landblom and J.L. Nelson

A COMPARISON OF BEEF CATTLE BREEDING METHODS TO IMPROVE PERFORMANCE. D.G. Landblom and J.L. Nelson A COMPARISON OF BEEF CATTLE BREEDING METHODS TO IMPROVE PERFORMANCE D.G. Landblom and J.L. Nelson Artificial insemination has been promoted for a number of years as being one management tool available

More information

Saskatchewan Herd Size Economics June 26, th Annual WBDC Field Day. Kathy Larson WBDC Beef Economist

Saskatchewan Herd Size Economics June 26, th Annual WBDC Field Day. Kathy Larson WBDC Beef Economist Saskatchewan Herd Size Economics June 26, 2012 14 th Annual WBDC Field Day Kathy Larson WBDC Beef Economist 2003 1.32 million 2006 1.56 million 2012 1.29 million Down 17% from peak Down 2% from pre-bse

More information

Cattle and Grazing Management Strategies for Surviving Serious Droughts

Cattle and Grazing Management Strategies for Surviving Serious Droughts Cattle and Grazing Management Strategies for Surviving Serious Droughts Steven D. Lukefahr and J. Alfonso Ortega-S., Dept. of Animal, Rangeland and Wildlife Sciences & Caesar Kleberg Wildlife Research

More information

IMPACT OF SEED STOCK SELECTION ON THE ECONOMICS OF A COW-CALF OPERATION

IMPACT OF SEED STOCK SELECTION ON THE ECONOMICS OF A COW-CALF OPERATION IMPACT OF SEED STOCK SELECTION ON THE ECONOMICS OF A COW-CALF OPERATION Timothy D. Hewitt and John Holt North Florida Research and Education Center University of Florida, Marianna; and Food and Resource

More information

Costs to Produce Milk in Illinois 2003

Costs to Produce Milk in Illinois 2003 Costs to Produce Milk in Illinois 2003 University of Illinois Farm Business Management Resources FBM-0160 Costs to Produce Milk in Illinois 2003 Dale H. Lattz Extension Specialist, Farm Management Department

More information

Benchmark Angus. Engineering Superior Beef

Benchmark Angus. Engineering Superior Beef Benchmark Angus Engineering Superior Beef INNOVATION Research + Researchers Develop Knowledge + More Knowledge Innovation Details of Production 400 Purebred Black and Red Angus Cows 200 Spring Calving

More information

Determining the costs and revenues for dairy cattle

Determining the costs and revenues for dairy cattle Determining the costs and revenues for dairy cattle Regional Training Course on Agricultural Cost of Production Statistics 21 25 November 2016, Daejeon, Republic of Korea 1 Definitions Production costs

More information

Profitability of Tasmanian beef enterprises:

Profitability of Tasmanian beef enterprises: Profitability of Tasmanian beef enterprises: Calving dates and stocking rates for weaner and yearling production systems Libby Salmon, David Counsell and Tim Rhodes How can I make more from beef? Profitable

More information

Historical Prices, Trends, Seasonal Indexes, and Future Basis of Cattle and Calves at Sioux Falls, South Dakota

Historical Prices, Trends, Seasonal Indexes, and Future Basis of Cattle and Calves at Sioux Falls, South Dakota South Dakota State University Open PRAIRIE: Open Public Research Access Institutional Repository and Information Exchange Department of Economics Research Reports Economics 7-1-1990 Historical Prices,

More information

2007 Michigan Cash Grain Farm Business Analysis Summary. Eric Wittenberg And Stephen Harsh. Staff Paper December, 2008

2007 Michigan Cash Grain Farm Business Analysis Summary. Eric Wittenberg And Stephen Harsh. Staff Paper December, 2008 2007 Michigan Cash Grain Farm Business Analysis Summary Eric Wittenberg And Stephen Harsh Staff Paper 2008-07 December, 2008 Department of Agricultural, Food, and Resource Economics MICHIGAN STATE UNIVERSITY

More information

2008 Michigan Cash Grain Farm Business Analysis Summary. Eric Wittenberg And Stephen Harsh. Staff Paper November, 2009

2008 Michigan Cash Grain Farm Business Analysis Summary. Eric Wittenberg And Stephen Harsh. Staff Paper November, 2009 2008 Michigan Cash Grain Farm Business Analysis Summary Eric Wittenberg And Stephen Harsh Staff Paper 2009-11 November, 2009 Department of Agricultural, Food, and Resource Economics MICHIGAN STATE UNIVERSITY

More information

Purchasing Versus Raising Replacement Females: To Outsource or Not to Outsource?

Purchasing Versus Raising Replacement Females: To Outsource or Not to Outsource? University of Nebraska - Lincoln DigitalCommons@University of Nebraska - Lincoln Range Beef Cow Symposium Animal Science Department December 2001 Purchasing Versus Raising Replacement Females: To Outsource

More information

OPERATING INPUTS Units Price Quantity $/Acre Wheat Seed Bu./acre $ $ Custom Harvest Acre $ -

OPERATING INPUTS Units Price Quantity $/Acre Wheat Seed Bu./acre $ $ Custom Harvest Acre $ - Dryland Wheat Enterprise Budget - Grain and Graze 1000 acres farmed, 160 acres for this budget No Till - Continuous 2008 marketing year price projection Total PRODUCTION Units Price Quantity $/Acre Wheat

More information

SHEEP FLOCK PLANNING GUIDE,"

SHEEP FLOCK PLANNING GUIDE, SHEEP FLOCK PLANNING GUIDE," LJARM MANAGEMENT SERIES UNIVERSITY OF MINNESOTA.----... llll\ll\\\l\\\l\l\l\l\l\\l\\\l\\l\l\lll\ll\\\\l\\l\l\l\\l\\l\11\\\ll\\\\ll\\\ll\\\lll 3 1951 003 292660 J.... : - I.t-

More information

Agricultural Productivity Valuation

Agricultural Productivity Valuation Agricultural Productivity Valuation January 1 2014 Covers the process for calculating agricultural productivity values. Discusses the share lease, cash lease and owner operator arrangement and also provides

More information

Canfax Research Services A Division of the Canadian Cattlemen s Association

Canfax Research Services A Division of the Canadian Cattlemen s Association Canfax Research Services A Division of the Canadian Cattlemen s Association Publication Sponsored By: Focus on Productivity COW/CALF PRODUCTIVITY The feedlot and packing sectors have been very successful

More information

2011 STATE FFA FARM BUSINESS MANAGEMENT TEST PART 2. Financial Statements (FINPACK Balance Sheets found in the resource information)

2011 STATE FFA FARM BUSINESS MANAGEMENT TEST PART 2. Financial Statements (FINPACK Balance Sheets found in the resource information) 2011 STATE FFA FARM BUSINESS MANAGEMENT TEST PART 2 Financial Statements (FINPACK Balance Sheets found in the resource information) Please use the Market Value when making the calculations for the Zimmerman

More information

AGRICULTURAL ALTERNATIVES

AGRICULTURAL ALTERNATIVES AGRICULTURAL ALTERNATIVES Beef Backgrounding Production Backgrounding is a beef production system that uses pasture and other forages from the time calves are weaned until they are placed in a feedlot.

More information

Skills, Competencies and Knowledge

Skills, Competencies and Knowledge 4. Skills, Competencies and Knowledge This section covers the abilities you developed or things you accomplished as a result of the training and experiences you received through your agricultural education

More information

MARKETING ASPECTS OF GOAT PRODUCTION. Outline. Know your costs Know your consumer Know the prices. Marketing Aspects of Goat Production 09/12/2011

MARKETING ASPECTS OF GOAT PRODUCTION. Outline. Know your costs Know your consumer Know the prices. Marketing Aspects of Goat Production 09/12/2011 MARKETING ASPECTS OF GOAT PRODUCTION Extension Economist-Livestock Outline Know your costs Know your consumer Know the prices Secattleadvisor.com 1 Know thy costs The FIRST step in any good marketing program.

More information

2012 STATE FFA FARM BUSINESS MANAGEMENT TEST PART 2. Financial Statements (FINPACK Balance Sheets found in the resource information)

2012 STATE FFA FARM BUSINESS MANAGEMENT TEST PART 2. Financial Statements (FINPACK Balance Sheets found in the resource information) 2012 STATE FFA FARM BUSINESS MANAGEMENT TEST PART 2 Financial Statements (FINPACK Balance Sheets found in the resource information) Please use the Market Value when making the calculations for the Zimmerman

More information

BEEF INTEGRATED RESOURCE MANAGEMENT CALENDAR

BEEF INTEGRATED RESOURCE MANAGEMENT CALENDAR BEEF INTEGRATED RESOURCE MANAGEMENT CALENDAR The Beef Integrated Resource Management is a system that utilizes all resources available to optimize production and net income. This calendar has been developed

More information

Focus. Panhandle Model Farms - Case Studies of Texas High Plain Agriculture. Diana Jones Dustin Gaskins Jay Yates

Focus. Panhandle Model Farms - Case Studies of Texas High Plain Agriculture. Diana Jones Dustin Gaskins Jay Yates Focus Panhandle Model Farms - Case Studies of Texas High Plain Agriculture Diana Jones Dustin Gaskins Jay Yates Farm Focus 2005-3 August 2005 Department of Agricultural Economics, Texas Cooperative Extension

More information

Details. Note: This lesson plan addresses cow/calf operations. See following lesson plans for stockers and dairy operations.

Details. Note: This lesson plan addresses cow/calf operations. See following lesson plans for stockers and dairy operations. Session title: Unit III: Livestock Production Systems -Cow/Calf Total time: 60 minutes Objective(s): To recognize the elements of livestock production systems, such as herd management, nutrient requirement,

More information

BUSINESS SUMMARY DAIRY FARM WESTERN NEW YORK REGION 2011 JUNE 2012 E.B

BUSINESS SUMMARY DAIRY FARM WESTERN NEW YORK REGION 2011 JUNE 2012 E.B DAIRY FARM BUSINESS SUMMARY JUNE 2012 E.B. 2012-03 WESTERN NEW YORK REGION 2011 You can t manage what you can t measure. But if you measure it, you can improve it! Wayne A. Knoblauch Linda D. Putnam Jason

More information

PB Beef Integrated Resource Management Calendar

PB Beef Integrated Resource Management Calendar University of Tennessee, Knoxville Trace: Tennessee Research and Creative Exchange Animals/Livestock UT Extension Publications 9-2009 PB 1663-2010 Beef Integrated Resource Management Calendar The University

More information

Total 2, ,519

Total 2, ,519 TABLE 1. Basic cost information for San Juan County Actual 2014 BUDGET AREA... SAN JUAN COUNTY Actual 2014 FARM SIZE...... 20 ACRES Item IRRIGATION TYPE... FLOOD NUMBER OF CROPS... 2 Labor Wage Rate: Equipment

More information

Kansas Farm Economy Update Land and Leasing

Kansas Farm Economy Update Land and Leasing Kansas Farm Economy Update Land and Leasing Mykel Taylor Kansas State University January 10, 2017 Net Farm and Ranch Income Returns over Total Costs ($/ac) $230,000 $180,000 $130,000 $80,000 $30,000 $(20,000)

More information

Animal response or performance is determined. Genetic-Environmental Interaction. Texas Adapted Genetic Strategies for Beef Cattle II:

Animal response or performance is determined. Genetic-Environmental Interaction. Texas Adapted Genetic Strategies for Beef Cattle II: E-187 01/09 Texas Adapted Genetic Strategies for Beef Cattle II: Genetic-Environmental Interaction Stephen P. Hammack* Animal response or performance is determined by two factors genetics and environment.

More information

Extension. Establishing a Fair Pasture Rental Rate

Extension. Establishing a Fair Pasture Rental Rate Extension FR-8-06 FactSheet Agricultural, Environmental, and Development Economics, 2120 Fyffe Road, Columbus, OH 43210 Establishing a Fair Pasture Rental Rate Jeff Fisher, Extension Educator; Agriculture

More information

ONTHLY BEEF MANAGEMENT CALENDAR & WORKBOOK

ONTHLY BEEF MANAGEMENT CALENDAR & WORKBOOK J A N U A R Y - D E C E M B E R MONTHL ONTHLY BEEF CATTLE MANAGEMENT CALENDAR & WORKBOOK Foreword This publication is intended to be a reminder of management practices thought to be appropriate for each

More information

Differences Between High-, Medium-, and Low-Profit Cow-Calf Producers: An Analysis of Kansas Farm Management Association Cow-Calf Enterprise

Differences Between High-, Medium-, and Low-Profit Cow-Calf Producers: An Analysis of Kansas Farm Management Association Cow-Calf Enterprise Differences Between High-, Medium-, and Low-Profit Cow-Calf Producers: An Analysis of 2012-2016 Kansas Farm Management Association Cow-Calf Enterprise Dustin L. Pendell (dpendell@ksu.edu) and Kevin L.

More information

Alternative Livestock/Dryland Forage Systems in the Texas Panhandle

Alternative Livestock/Dryland Forage Systems in the Texas Panhandle Alternative Livestock/Dryland Forage Systems in the Texas Panhandle David G. Lust Assistant Professor of Agriculture Department of Agricultural Sciences, West Texas A&M University, WTAMU Box 60998, Canyon,

More information

Alabama Beef Cattle Strategic Plan

Alabama Beef Cattle Strategic Plan Alabama Beef Cattle Strategic Plan I. Identify measurable goals for beef cattle that will contribute to Alabama s economy and employment. Increase productivity and profitability of the beef cattle industry

More information

ITEM PRICE YIELD TOTAL GROSS RETURNS OAT HAY TONS (IN FIELD) TOTAL PURCHASED PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL

ITEM PRICE YIELD TOTAL GROSS RETURNS OAT HAY TONS (IN FIELD) TOTAL PURCHASED PURCHASED INPUTS PRICE QUANTITY INPUTS TOTAL TABLE 4. Alfalfa establishment, flood-irrigated, budgeted per acre costs and returns for a 20 acre part-time farm, San Juan County. Projected 2015 Planting dates: April 15 - June 1 Harvest dates: June

More information

GREGG APPRAISAL DISTRICT

GREGG APPRAISAL DISTRICT GREGG APPRAISAL DISTRICT 4367 W. LOOP 281 Longview, TX 75604-5537 (903) 238-8823 FAX (903) 238-8829 LIBBY NEELY, RPA, CCA, CTA Chief Appraiser GENERAL GUIDELINES FOR AGRICULTURE LAND The land must be currently

More information

2

2 2 3 4 5 Terminology: Bull: Sexually mature male. Bull calf used to denote males under a year of age. Cow: Female that has produced a calf. Heifer: Female that has not produced a calf. Heiferette: Heifer

More information

Margin = Difference. Navigating Through Financials- Careful Where you Step! Stepping Forward. Revenue $$$ less expenses $$$ Improving Margins

Margin = Difference. Navigating Through Financials- Careful Where you Step! Stepping Forward. Revenue $$$ less expenses $$$ Improving Margins Navigating Through Financials- Careful Where you Step! Margin = Difference Revenue $$$ less expenses $$$ Improving Margins Revenue Expense Both 1 2014 Margins Improved 2014 Margin Example Improved Margins

More information

Guidelines for Estimating. Bison Cow-Calf Production Costs 2017 in Manitoba

Guidelines for Estimating. Bison Cow-Calf Production Costs 2017 in Manitoba Guidelines for Estimating Bison Cow-Calf Production Costs 2017 in Manitoba ................................................. Guidelines For Estimating Bison Cow-Calf Production Costs Based on a 100 Head

More information

2014 Economic Contribution Analysis of the Washington Beef Industry

2014 Economic Contribution Analysis of the Washington Beef Industry 2014 Economic Contribution Analysis of the Washington Beef Industry J. Shannon Neibergs Associate Professor Extension Economist Director Western Extension Risk Management Education Center School of Economic

More information